Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
U.S. Networks | 7,662 | 6,949 | 7,092 | 6,350 | 3,434 | 3,285 | 3,131 | 2,950 |
International Networks | 4,539 | 3,713 | 4,041 | 4,149 | 3,281 | 3,040 | 3,092 | 3,157 |
Other | | 9 | 11 | 54 | 158 | 4,674 | 171 | 158 |
Total revenues [+] | 12,191 | 10,671 | 11,144 | 10,553 | 6,873 | 10,999 | 6,394 | 6,265 |
Advertising | | | | | | | 3,004 | 3,089 |
Other | | | | | | | 322 | 334 |
Revenue growth [+] | 14.2% | -4.2% | 5.6% | 53.5% | -37.5% | 72.0% | 2.1% | 13.2% |
U.S. Networks | 10.3% | -2.0% | 11.7% | 84.9% | 4.5% | 4.9% | 6.1% | 0.1% |
International Networks | 22.2% | -8.1% | -2.6% | 26.5% | 7.9% | -1.7% | -2.1% | 28.4% |
Education and Other | | | | | | 0.6% | 8.1% | 14.3% |
Cost of goods sold | 4,517 | 3,769 | 3,793 | 3,101 | 2,585 | 2,432 | 2,343 | 2,124 |
Gross profit | 7,674 | 6,902 | 7,351 | 7,452 | 4,288 | 8,567 | 4,051 | 4,141 |
Gross margin | 62.9% | 64.7% | 66.0% | 70.6% | 62.4% | 77.9% | 63.4% | 66.1% |
Selling, general and administrative | 4,016 | 2,722 | 2,788 | 2,620 | 1,768 | 1,690 | 1,669 | 1,692 |
Equity in earnings | -18 | -105 | -2 | -63 | -211 | -38 | 1 | 23 |
Other operating expenses | 71 | | | | -4 | 4,502 | -6 | |
EBITDA [+] | 3,569 | 4,075 | 4,561 | 4,769 | 2,313 | 2,337 | 2,389 | 2,472 |
EBITDA growth | -12.4% | -10.7% | -4.4% | 106.2% | -1.0% | -2.2% | -3.4% | 10.9% |
EBITDA margin | 29.3% | 38.2% | 40.9% | 45.2% | 33.7% | 21.2% | 37.4% | 39.5% |
Depreciation | 282 | 259 | 247 | 198 | 150 | 139 | 138 | 131 |
EBITA | 3,287 | 3,816 | 4,314 | 4,571 | 2,163 | 2,198 | 2,251 | 2,341 |
EBITA margin | 27.0% | 35.8% | 38.7% | 43.3% | 31.5% | 20.0% | 35.2% | 37.4% |
Amortization of intangibles | 1,300 | 1,100 | 1,100 | 1,200 | 180 | 183 | 192 | 198 |
EBIT [+] | 1,987 | 2,716 | 3,214 | 3,371 | 1,983 | 2,015 | 2,059 | 2,143 |
EBIT growth | -26.8% | -15.5% | -4.7% | 70.0% | -1.6% | -2.1% | -3.9% | 9.7% |
EBIT margin | 16.3% | 25.5% | 28.8% | 31.9% | 28.9% | 18.3% | 32.2% | 34.2% |
Non-recurring items [+] | -7 | 306 | 207 | 1,500 | 1,481 | -5 | 73 | 59 |
Asset impairment | 32 | 215 | 181 | 750 | 1,402 | 58 | 50 | 90 |
Loss (gain) on disposal of assets | -71 | | | | 4 | -63 | 17 | -31 |
Interest expense, net [+] | 615 | 638 | 655 | 714 | 454 | 353 | 642 | 328 |
Interest expense | 633 | 648 | 677 | 729 | 475 | 353 | 642 | 328 |
Interest income | 18 | 10 | 22 | 15 | 21 | | | |
Other income (expense), net [+] | 54 | -44 | -58 | -135 | -185 | 4 | 215 | -9 |
Gain (loss) on debt retirement | -10 | -76 | -28 | | -54 | | | |
Other | 82 | 42 | -8 | -120 | -110 | 4 | -97 | -9 |
Pre-tax income | 1,433 | 1,728 | 2,294 | 1,022 | -137 | 1,671 | 1,559 | 1,747 |
Income taxes | 236 | 373 | 81 | 341 | 176 | 453 | 511 | 610 |
Tax rate | 16.5% | 21.6% | 3.5% | 33.4% | | 27.1% | 32.8% | 34.9% |
Net income | 1,197 | 1,355 | 2,213 | 681 | -313 | 1,218 | 1,048 | 1,137 |
Net margin | 9.8% | 12.7% | 19.9% | 6.5% | -4.6% | 11.1% | 16.4% | 18.1% |
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Basic EPS [+] | $2.38 | $2.68 | $4.18 | $1.37 | ($0.82) | $3.04 | $2.43 | $2.50 |
Growth | -11.3% | -35.9% | 205.9% | -267.8% | -126.8% | 25.2% | -3.1% | 12.5% |
Diluted EPS [+] | $1.80 | $2.02 | $3.11 | $0.99 | ($0.54) | $2.00 | $1.60 | $1.66 |
Growth | -10.6% | -35.2% | 214.5% | -282.2% | -127.2% | 25.0% | -3.5% | 10.9% |
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Shares outstanding (basic) [+] | 503 | 505 | 529 | 498 | 384 | 401 | 432 | 454 |
Growth | -0.4% | -4.5% | 6.2% | 29.7% | -4.2% | -7.2% | -4.8% | -6.2% |
Shares outstanding (diluted) [+] | 664 | 672 | 711 | 688 | 576 | 610 | 656 | 687 |
Growth | -1.2% | -5.5% | 3.3% | 19.4% | -5.6% | -7.0% | -4.5% | -4.8% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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